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deferral
(redirected from Prepaid expense)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
deferral - Waiting for quiet on the Ethernet.


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Prepaid Expenses Prepaid expenses present another planning opportunity although this is an area where financial reporting and tax planning may conflict.
If a buyer purchases a $150,000 home using a traditional FHA fixed-rate mortgage, they would have to shell out $4,300 for the down payment and $4,200 for closing costs and prepaid expenses.
The entry made to record depreciation is similar to recording other adjustments for prepaid expense.
 
 
 
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